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Minutes of the Regular Meeting of Council <br />Monday, June 19, 2017 <br />Page 2 <br />Council President Saponaro asked, discussion? <br />Mr. Wynne stated, by July 20th of every year, we are required to file with the County what <br />is called a Tax Budget. It is not our final budget for next year, it's just a very preliininary <br />budget. The main point of the budget is they want to see what real estate tax dollars we <br />have comirig in and how we are going to allocate those monies between our different funds <br />with a lcey emphasis being that we want to inake sure we have enough inoney allocated to <br />our debt fund to pay the principal and interest payments when they come due next year. <br />For purposes of this.budget, we assume revenues and expenses for the most part will be the <br />same for next year and then in the Fall of this year, we will go through the detailed process <br />of putting together our actual financial budget to be passed by Council in the first quarter <br />of next year. <br />Council President Saponaro asked, does anyone have any questions regarding the budget <br />that is on the floor here? <br />There were none <br />Council President Saponaro asked, is there any public comment? Would anyone like to ask <br />a question or have a public comment regarding the tax budget? <br />There were none. <br />ROLL CALL: AYES: All Motion Carried <br />. NAYS: None Ordinance Enacted <br />CONSIDERATION OF 1VIIlNUTES : <br />Regular Council Meetang - Mav 15, 2017 <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to approve the minutes as written. <br />Council President Saponaro asked, discussion? Are there any other questions regarding this? <br />There were none. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS: None Minutes of May 15, 2017 <br />Approved as Written <br />? <br />? <br /> <br />